About
this home
this home
Public Sewer
Public Water Source
Electricity Connected
Sewer Connected
Calling All Investors, Developers & End-Users!!! 100% Occupied New Mini Mall In Forest Hills For Sale!!! The Property Is Located In The Heart Of Forest Hills On 71st Avenue Just Off Queens Blvd. Only Minutes From Forest Hills Stadium & Queens Center!!! The Property Is Situated On A 6,600+ Sqft. Lot Only Minutes From The Grand Central Pkwy., Van Wyck Expy. & Jackie Robinson Pkwy.!!! The Building Features Excellent Signage, Great Exposure, Long Term Leases, C4-5X/R7X Zoning, High 8’ Ceilings, 3 Stories, 2 Lots, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, Chevrolet, Costco, The Home Depot, P.C. Richard & Son, Best Buy, Target, Planet Fitness, Shake Shack, The Vitamin Shoppe, Trader Joe’s, Regal Cinemas, Walgreens, Dunkin’, Jersey Mike’s Subs, Chick-fil-A, Wendy’s, +++!!! The Property Has 49’ Of Frontage On 71st Avenue!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Pizzeria (Front): $168,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032.
Pizzeria Restaurant (Rear): $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032.
Azad Coffee: $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/2030.
Royal Beauty Spa: $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2/1/2031.
Expenses:
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $6,825 Ann.
Maintenance & Repairs: $250 Ann.
Taxes: $171,378 Ann.
Gross Income: $672,000 Ann.
Total Expenses: $178,453 Ann.
Net Operating Income (NOI): $493,547 Ann.
Income:
Pizzeria (Front): $168,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032.
Pizzeria Restaurant (Rear): $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2032.
Azad Coffee: $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/2030.
Royal Beauty Spa: $180,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2/1/2031.
Expenses:
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $6,825 Ann.
Maintenance & Repairs: $250 Ann.
Taxes: $171,378 Ann.
Gross Income: $672,000 Ann.
Total Expenses: $178,453 Ann.
Net Operating Income (NOI): $493,547 Ann.
Other
Details
Details
Property Type
Mixed Use, Commercial
Square Footage
0
Year Built
1931
Floor Number
--
Parking
No
Terrace
No
Listing Courtesy of
All Island Estates Realty Corp
MLS ID
KEY423632748
Source
The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate by this brokerage or OneKey MLS.